MSGM vs QQQ: Correlation
How closely do Motorsport Games Inc. (MSGM) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of -0.03, which is near-zero.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MSGM and QQQ?
Across a 3-year window, the weekly returns of MSGM and QQQ correlate at -0.03, near zero, meaning they move largely independently. The relationship has been stable: the 1-year correlation (-0.00) sits close to the 3-year figure. Stretching to 5 years gives 0.07, with an annualized covariance of -82.1 %².
Within MSGM's tracked universe of 17 assets, QQQ comes in at #12 by 3-year correlation. The trailing year gives MSGM the advantage: +34.0% versus +26.3%, a 7.7-point spread. Risk is not evenly split, since MSGM carries 8.2 times the volatility of the other side.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
MSGM vs QQQ: side by side
| MSGM (Motorsport Games Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +34.0% | +26.3% |
| 5-year return | -96.2% | +95.4% |
| Volatility (ann.) | 159.9% | 19.6% |
| Beta vs S&P 500 | -0.11 | 1.28 |
| Max drawdown (3Y) | -81.5% | -22.8% |
| Market cap | – | – |
| P/E (trailing) | 13.4 | – |
| Dividend yield | 0.00% | 0.44% |
| Expense ratio | – | 0.18% |
| Assets under management | – | $452.8B |
| Sector / category | US Listed | ETF · US Growth & Tech |
QQQ is a Large Growth fund from Invesco: $452.8B under management, 104 holdings, a 0.18% expense ratio, a 0.44% trailing dividend yield.
Year-by-year returns
| Year | MSGM | QQQ |
|---|---|---|
| 2022 | -87.8% | -32.6% |
| 2023 | -25.5% | +54.9% |
| 2024 | -56.6% | +25.6% |
| 2025 | +136.6% | +20.8% |
| 2026 | +23.0% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MSGM and QQQ good diversifiers for each other?
Yes: at -0.03, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between MSGM and QQQ?
Using weekly returns as of 2026-08-27: -0.03 over 3 years, with -0.00 over the last year and 0.07 over 5 years.
Is QQQ a good diversifier for MSGM?
Yes: at -0.03, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.03 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/msgm-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/msgm-vs-qqq/)
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Related comparisons
Hubs: MSGM correlations · QQQ correlations
